The enactment of the Sarbanes-Oxley Act has dramatically changed the responsibilities of publicly owned companies and their auditors. Moreover, the heightened attention on internal controls and the increased scrutiny of financial statements has caused private companies as well as not-for-profit organizations to exercise a higher level of diligence.

There is a growing need for directors to understand financial statements, accounting principles and auditing requirements. At the same time, the services that can be provided by a company’s independent auditors have been significantly restricted.

Veris offers a variety of consulting expertise to boards of directors, with an emphasis on the use of proper accounting measurements, the adequacy of financial statement disclosures and the assessment of the control environment.

Our perspective in these matters comes not only from the extensive public accounting and corporate experiences of our staff, but also, in particular, from our forensic experiences in analyzing what can go wrong in corporate financial reporting.

Our services include:

• Financial statement training for directors and officers
• Special investigative services, specifically for directors or audit committees
• Accounting and financial reporting advice
• Internal accounting control reviews
• Due diligence consultation

Veris provides internal audit outsourcing services, a critical tool for management and directors to be able to identify and manage operating risks. We have developed separate staffing resources dedicated to these services. The services involved in internal auditing activities include identification, evaluation and tests of procedures for the purpose of enabling management to evaluate and make assertions about internal control structure design and operating effectiveness.

Veris also provides forensic data mining services, analyzing large amounts of data in a manner that detects obscure facts, trends, data inconsistencies and suspicious transactions.